Net earnings, including tax benefits, reached HUF 478,000, marking an 11.8% increase year-on-year. When adjusted for inflation, real earnings grew by 7.9% as consumer prices rose by 3.7% over the same period.
Median gross earnings also saw significant growth, climbing to HUF 550,800, 12.5% higher than in November 2023. Median net earnings, which include tax benefits, rose to HUF 383,400, reflecting an increase of 13.3% compared to a year earlier.
The growth in earnings was observed across various sectors. In the business sector, gross earnings averaged HUF 609,500, up by 11.3% year-on-year. The budgetary sector experienced even stronger growth, with average gross earnings rising to HUF 613,000, a 13.7% increase. Meanwhile, the non-profit sector saw average gross earnings reach HUF 657,100, a year-on-year growth of 11.9%.
Regular gross earnings, which exclude premiums and one-month bonuses, were estimated at HUF 613,700, also up by 11.9% compared to the same period in 2023.
For the first 11 months of 2024, average gross earnings across all sectors amounted to HUF 639,500, while net earnings, excluding tax benefits, reached HUF 425,200. Including tax benefits, net earnings averaged HUF 440,200.
These figures represent year-on-year increases of 13.5% and 13.3%, respectively, highlighting a consistent upward trend in wages throughout the year.
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